DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
BOARD OF REAL ESTATE APPRAISERS
4 CCR 725-2

NOTICE OF PROPOSED PERMANENT RULEMAKING HEARING
July 12, 2012

CHAPTER 7:	CONTINUING EDUCATION REQUIREMENTS

Pursuant to and in compliance with Title 12, Article 61 and Title 24, Article 4, C.R.S. as amended, notice of proposed rulemaking is hereby given, including notice to the Attorney General of the State of Colorado and to all persons who have requested to be advised of the intention of the Colorado Board of Real Estate Appraisers (the “Board”) to promulgate rules, or to amend, repeal or repeal and re-enact the present rules of the Board.

STATEMENT OF BASIS

The statutory basis for the rules titled Rules of the Board of Real Estate Appraisers is Chapter 7 of Title 12, Article 61, Colorado Revised Statutes, as amended.  

STATEMENT OF PURPOSE

The purpose of this rule is to effectuate the legislative directive to promulgate necessary and appropriate rules in conformity with the statute and the provisions of the federal Financial Institutions Reform, Recovery and Enforcement Act of 1989.

SPECIFIC PURPOSE OF THIS RULEMAKING

The specific purpose of this rule is to amend or repeal existing rules with respect to appraiser continuing education requirements. 

Proposed New, Amended and Repealed Rules

[Deleted material shown struck through, new material shown ALL CAPS. Rules, or portions of rules, which are unaffected are reproduced.  Readers are advised to obtain a copy of the complete rules of the Board at www.dora.state.co.us/real-estate/rulemaking/BOREA/index.htm]

CHAPTER 7:	CONTINUING EDUCATION REQUIREMENTS

7.24	AQB CERTIFIED USPAP INSTRUCTORS SUCCESSFULLY COMPLETING THE 7-HOUR INSTRUCTOR RECERTIFICATION COURSE AND EXAM, IF REQUIRED, WITHIN THE CURRENT CONTINUING EDUCATION CYCLE, HAVE SATISFIED THE 7-HOUR NATIONAL USPAP UPDATE COURSE CONTINUING EDUCATION REQUIREMENT.  IF TWO 7-HOUR NATIONAL USPAP UPDATE COURSES ARE REQUIRED DURING THE CURRENT CONTINUING EDUCATION CYCLE, THE AQB CERTIFIED USPAP INSTRUCTOR MUST SUCCUESSFULLY COMPLETE ONE OF THE FOLLOWING:
A.  TWO 7-HOUR INSTRUCTOR RECERTIFICATION COURSES AND EXAMS, IF REQUIRED, WITHIN THE CURRENT CONTINUING EDUCATION CYCLE TO HAVE SATISFIED THE 7-HOUR NATIONAL USPAP UPDATE COURSE REQUIREMENTS FOR THE LICENSE CYCLE; OR
B.	ONE 7-HOUR INSTRUCTOR RECERTIFICATION COURSE AND EXAM, IF REQUIRED, WITHIN THE CURRENT CONTINUING EDUATION CYCLE TO HAVE SATISIFED THE REQUIREMENT OF ONE 7-HOUR NATIONAL USPAP UPDATE COURSE AND TEACH THE 7-HOUR NATIONAL UPDATE COURSE WITHIN THE CURRENT CONTINUING EDUCATION CYCLE; OR
C.  ONE 7-HOUR INSTRUCTOR RECERTIFICATION COURSE, AND EXAM, IF REQUIRED, WITHIN THE CURRENT CONTINUING EDUCATION CYCLE TO HAVE SATISFIED THE REQUIREMENT OF ONE 7-HOUR NATIONAL USPAP UPDATE COURSE AND COMPLETE ONE 7-HOUR NATIONAL USPAP UDPATE COURSE, OR ITS EQUIVALENT.

A hearing on the above subject matter will be held on Thursday, July 12, 2012, at the Colorado Division of Real Estate, 1560 Broadway, Suite 110D, Denver, Colorado 80202 beginning at 9:00 a.m. 

Any interested person may participate in the rulemaking through submission of written data or arguments to the Colorado Board of Real Estate Appraisers. Persons are requested to submit data, views and arguments to the Board in writing no less than ten days (10) days prior to the hearing date and time set forth above. 

The Colorado Board of Real Estate Appraisers will consider all submissions.

Please be advised that all rules being considered are subject to further changes and modifications after public comment and formal hearing.